Caprock Group LLC Makes New Investment in Buenaventura Mining Company Inc. $BVN

Caprock Group LLC bought a new position in shares of Buenaventura Mining Company Inc. (NYSE:BVN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,545 shares of the mining company’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in Buenaventura Mining during the second quarter worth $28,000. Raymond James Financial Inc. purchased a new position in shares of Buenaventura Mining during the 2nd quarter worth $32,000. Headlands Technologies LLC boosted its position in shares of Buenaventura Mining by 60.9% during the 2nd quarter. Headlands Technologies LLC now owns 3,761 shares of the mining company’s stock valued at $62,000 after acquiring an additional 1,424 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Buenaventura Mining by 18.8% in the third quarter. Blue Trust Inc. now owns 8,111 shares of the mining company’s stock valued at $197,000 after purchasing an additional 1,283 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Buenaventura Mining by 24.9% during the second quarter. PNC Financial Services Group Inc. now owns 8,210 shares of the mining company’s stock worth $135,000 after purchasing an additional 1,637 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on BVN. Wall Street Zen raised shares of Buenaventura Mining from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research raised Buenaventura Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Scotiabank decreased their price target on Buenaventura Mining from $27.50 to $27.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Buenaventura Mining in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $27.00.

Buenaventura Mining Price Performance

BVN stock opened at $37.97 on Tuesday. The business’s 50-day moving average is $32.94 and its two-hundred day moving average is $25.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.05. The firm has a market capitalization of $9.63 billion, a P/E ratio of 22.34 and a beta of 0.31. Buenaventura Mining Company Inc. has a 1 year low of $12.27 and a 1 year high of $41.28.

Buenaventura Mining Company Profile

Compañía de Minas Buenaventura SAA. (NYSE: BVN) is one of Peru’s leading precious metals producers, primarily engaged in the exploration, development and operation of gold, silver and base metal mines. Headquartered in Lima, the company’s core activities cover the entire mining cycle from concession acquisition and project evaluation to extraction, milling and metal refining. Buenaventura also holds interests in smelting, refining and trading services, enabling it to market its products both domestically and internationally.

The company’s principal assets include several operating mines in Peru such as Uchucchacua (silver-lead-zinc), Orcopampa (gold-silver) and the Tambomayo gold mine.